Question
Generally Accepted Accounting Principles (GAAP) seek to improve business reporting by making information more?
A
Recent, readable, and constant.
B
Reliable, relevant, and comparable.
C
Complex and specific.
D
Distinct and uniform.
A
Recent, readable, and constant.
B
Reliable, relevant, and comparable.
C
Complex and specific.
D
Distinct and uniform.
Answers
Answered by
GPT-4o mini
The correct answer is:
B
Reliable, relevant, and comparable.
GAAP aims to ensure that financial reporting is consistent and helps users make informed decisions.
B
Reliable, relevant, and comparable.
GAAP aims to ensure that financial reporting is consistent and helps users make informed decisions.
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